DUNKIN' DONUTS

14413 South US 441, Lake City, 32024

SUMMARY

Garito and Company is pleased to offer for sale a 100% fee simple interest the newly constructed, free-standing Dunkin’ Donuts with drive-thru located at 14413 South US 441, Lake City, Florida. The location will be open Q4 of 2018 and will be sold with a 20-year NNN lease term, no landlord responsibilities and rent steps every 5 years. The Property is strategically directly off of Interstate-75 at Exit #414, US Highway 41/441 to Lake City and High Springs.

PROPERTY HIGHLIGHTS

  • STRATEGIC LOCATION
  • DENSE RESIDENTIAL POPULATION IN THE GROWING MARKET
  • EXCELLENT VISIBILITY
  • TRAFFIC GENERATING NEIGHBORS
  • BRAND NEW CONSTRUCTION
  • GREAT LEASE TERMS

SITE SPECIFICATIONS

TOTAL GLA:

1,435 SF

SITE AREA:

0.8 +/- ACRES

Lease Expiration:

2038

Increases:

8.00% every five years

Options:

Four (five year options)

DEMOGRAPHICS

RADIUS

3 MILE

5 MILE

POPULATION

5,903

15,962

Avg. Household Income (2018)

$59,333

$46,780

Med. Household Income (2018)

$51,265

$55,129

PROPERTY OVERVIEW

TENANT NAME:

DUNKIN’ DONUTS

FRANCHISE:

Southern Star Restaurant Manager

Grantor:

Personal Guarantee

OWNERSHIP TYPE/LEASE TYPE:

FEE SIMPLE/NNN

LANDLORD RESPONSIBILITIES:

NONE

STORE OPENING:

December 2018 (estimated)

LEASE TERM REMAINING:

20 YEARS

PRICE:

$1,440,000

YEAR-ONE NOI:

$72,000

CAP RATE:

5.00%

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